In a conference on “SME Banking in Pakistan: Global/local trends and role of value-added services”, organized by SBP and IFC. The Governor State Bank Mr. Shahid Kardar stated that SBP is very much concerned about the decline in volume of the advances offered by Commercial banks to SMEs in the last 3 years. The Banks’ [...][Continue Reading...]

Islamabad: The State Bank of Pakistan has proposed formation of a Commission to the Supreme Court, under the supervision of a retired judge to recover written-off loans. A two-member bench headed by Chief Justice Iftikhar Chaudry is hearing the case regarding the 256 billion rupees worth loans written-off during the period of 1999 – 2009 [...][Continue Reading...]

The State Bank of Pakistan is planning to launch 10 million pound financial innovation challenge fund. The SBP Deputy Governor Mr. Yaseen Anwar said that the purpose of the fund is to generate innovations in the areas of financial services products and delivery channels in the country. In his speech at the Inauguration ceremony of [...][Continue Reading...]

Karachi: The Finance Ministry of Pakistan is considering to adopt other steps for revenue generation, as the getting consultation on RGST from the political parties is taking longer time. The above statement was given by the Finance minister Mr. Hafeez sheikh after launching the leveraged Market Product (MTS) at Karachi Stock Exchange (KSE). While answering a question [...][Continue Reading...]

SME sector in Pakistan comprises about 90% of all private sector enterprises, and about 78% of non-agriculture labour force. SME sector is contributing over 30% to the GDP, also one-fourth of the Export earnings are being provided. According to the SBP’s latest report pertaining to SME sector, Total outstanding loans to SME sector are eased [...][Continue Reading...]

SIALKOT) Banking Mohtashib Pakistan is an institution working day and night for resolving the problems and issues faced by general public while dealing with various banking organizations. In a recent message, Mr. Masrur-ur-Rehman, The Banking Mohtasib of Pakistan has emphasized on the need of awareness among the common masses about this institution. People of the [...][Continue Reading...]